Letting residential property

Average rents in cities

In many cities, a new rent index is drawn up every two years to record the average rents for non-price-controlled rental flats in apartment blocks. This task is usually carried out by a competent authority in cooperation with local tenants' associations, public bodies and property experts. The rent index provides information on the average net cold rent for flats that were ready for occupancy by a certain cut-off date.

The average rent can vary depending on the size of the flat. For example, the average rent for flats of 30 m², 60 m² and 100 m² may be different in the same city. It is important to note that flats in new-build projects and detached houses are often not included in these averages and their rents may deviate from this average and in some cases be significantly higher. Current Rent index can be found in our Engel & Völkers portal.

Letting a flat - independently or through a real estate agent?

There are various aspects to consider when letting residential property. It is crucial to know the regional property market and the usual rental channels and to use them effectively to find suitable tenants. Various challenges can arise, particularly for owners without extensive landlord experience. These include aspects such as rent increases following modernisation, the apportionment of operating cost increases, the setting of graduated or index-linked rents and compliance with the statutory rent cap.

In such cases, it can be very helpful to consult an experienced estate agent. An estate agent who is familiar with both the legal regulations and the specific conditions of the property market can provide valuable support. They can advise on all aspects of letting and help to maximise the property's return potential. A real estate agent with in-depth expertise can be an ideal partner for fully exploiting the potential of a property.

From the initial consultation to handing over the keys - and beyond

Successful property letting begins with the creation of an informative and appealing exposé. An experienced team of estate agents can take on this task by drawing on their many years of experience. For an ideal presentation of the exclusivity of your property, it is advisable to hire professional photographers to take the exposé photos.

A customised marketing strategy also includes the selection of prospective tenants who meet your individual requirements. You can define the desired target group in personal consultations, allowing the estate agent to present you with a pre-sorted selection of prospective tenants to ensure a smooth tenancy. Tenant acquisition is carried out via an extensive network of existing customers as well as carefully selected offline and online channels, including the property portfolio.

Thorough screening of potential tenants, including checking their SCHUFA score, is another important step in ensuring tenant solvency.

Viewing phase and contract negotiations: Transparent process and professional support

The viewing phase and contract negotiations are crucial steps in the letting process. To ensure transparency, it is important that property experts regularly keep you up to date with detailed reports and minutes of viewing appointments and negotiations with potential tenants. This ensures that you are always well informed about the progress of the marketing process for your property.

Even after the contract has been signed and the keys handed over, the support provided by experienced industry experts should not end. Ongoing support with all questions and requests relating to the letting of your property is essential to ensure a satisfactory letting in the long term.

If you are interested in investing in property as a capital investment or renting out your house or flat profitably, the support of an experienced team of estate agents is an advantage. Such a team, specialising in the local property market, can provide a fast and professional all-round service to achieve a straightforward tenancy that meets your individual needs.